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Gem large diamond recoveries enter double digits

Gem Diamonds (LSE:GEMD) has had a good 2018, with its recoveries of over-110 carat diamond already in the double digits.
Gem large diamond recoveries enter double digits Gem large diamond recoveries enter double digits Gem large diamond recoveries enter double digits Gem large diamond recoveries enter double digits Gem large diamond recoveries enter double digits

The eleventh over-100ct stone recovered by Gem so far this year

Staff reporter

Its latest recovery is its eleventh large stone for the year, a 100.5ct top white colour type 2a diamond from its 70%-owned Letšeng mine in Lesotho.

Among the other 10 is the Lesotho Legend, an exceptional quality 910ct D colour type 2a diamond that is the second largest recovered in the past century. It was sold in March for US$40 million.

In 2017, Gem recovered seven over-100ct diamonds.

The company's shares were down 2% Friday to £1.145 (US$1.50).